1. On the assumption that the public good described in Problem 1 is provided at the optimal level, how much should the state charge each citizen each time he or she uses the ublic good?
2. Ten identical consumers all have individual willingness-to-pay curves for a public good—say, local parks (where P is measured in hundreds of dollars and Q is measured in acres). Construct and graph the aggregate willingness-to-pay curve. For 50 acres of parks, what is the maximum each individual would be willing to pay?
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